Juroszek Family Emerges as Top Shareholder of GiG with Acquisition of Additional Shares
MJ Investments–the investment company led by Mateusz Juroszek, CEO of STS Holding, Betplay Capital and MJ Investments–has acquired 1,324,145 shares of Gaming Innovation Group Inc. (GiG), bringing the total number of shares owned by the Juroszek Family to 14,285,614, which represents 11.08 percent of the iGaming Company.
The Juroszek Family is now GiG’s largest shareholder of GiG, with their increased ownership stake highlighting their commitment to the company’s growth and development in the iGaming industry.
“GiG is one of the most attractive and interesting iGaming companies on the public market, especially when the NOK and SEK exchange rates are taken into account,” said Mateusz Juroszek.
“In our opinion GiG is undervalued and has a great potential. We as a family want to be a long-term investor. Our goal is to support the business and the growth. As a family we have been involved in the iGaming industry for over 20-years and our aim is to extend out engagement in GiG’s shareholder’s structure.
“We see current valuation as a reason to increasing our involvement with GiG, especially when the analysts and their predictions assume a EBITDA growth up to 70 percent and revenue growth of approximately 50 percent, year-on-year.
“When it comes to the Media part of GiG’s business, revenues have grown tremendously recently, from multiple and well-diversified markets.
“GiG has also acquired a number of entities and secured a list of crucial partnerships, with focus on the Americas, which I believe is key for future growth.
“We are also very happy with the acquisition of Askgamblers, and we can see the great work done by the GiG Media team to turn that business around.
“The second part of business is developing very well too. It is a number one platform when it comes to market access with over 40 secured licenses.
“After the acquisition of Sportnco, GiG is extending into sports betting, which will create a new leg of revenues for the company and their offerings are now becoming a one-stop shop.”
